@ashley7533 on ETHUSD | PriceONN Community

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ashley7533 PRO newbie
ETHUSD Apr 1
This ETH chop feels a bit like back in late 2022 after that big FTX mess. Remember how it just ground sideways for weeks, teasing rallies that evaporated instantly? We're seeing similar slow-motion action now, with the 200 SMA still holding as support overhead. I'm not expecting fireworks until liquidity picks up more, or some actual news breaks the stalemate.
ETHUSD

Replies (2)

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ashley7533 PRO newbie Apr 1
Actually, looking at the H4 RSI again, it's sitting at 57. Not quite overbought, but definitely not oversold either. Classic range-bound territory.
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aperez691 PRO newbie Apr 2
@ashley7533 Agreed. That 2022 FTX aftermath period was brutal for sideways action. Seeing the 200 SMA still acting as a ceiling overhead is a key resistance level to watch.
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